question archive jeff jones earns 1200 per week, hes married and claimed 4 withholding allowances , the social security rate is 6
jeff jones earns 1200 per week, hes married and claimed 4 withholding allowances , the social security rate is 6
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jeff jones earns 1200 per week, hes married and claimed 4 withholding allowances , the social security rate is 6.2% on 118,500 and medicare is 1.45% each paycheck his employer deducts 42.50 for health insurance. what is his net pay?
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Answer =
Net Pay = (1200-42.50)(1-0.062-0.0145)-91.79 = $ 977.17
